Insider Selling: IBEX (NASDAQ:IBEX) CFO Sells 2,295 Shares of Stock

IBEX Limited (NASDAQ:IBEX) CFO Taylor Greenwald sold 2,295 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $40.73, for a total value of $93,475.35. Following the completion of the transaction, the chief financial officer directly owned 33,561 shares in the company, valued at approximately $1,366,939.53. This represents a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IBEX Trading Down 1.3%

NASDAQ IBEX opened at $41.26 on Friday. IBEX Limited has a 1-year low of $17.53 and a 1-year high of $42.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $31.62 and a 200-day moving average of $28.48. The firm has a market cap of $549.17 million, a PE ratio of 17.26 and a beta of 0.77.

Institutional Trading of IBEX

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its holdings in shares of IBEX by 121.1% during the first quarter. Acadian Asset Management LLC now owns 411,466 shares of the company’s stock valued at $10,011,000 after purchasing an additional 225,380 shares during the last quarter. Bridgeway Capital Management LLC purchased a new position in shares of IBEX during the first quarter valued at approximately $3,591,000. AQR Capital Management LLC lifted its holdings in shares of IBEX by 312.6% during the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock valued at $3,407,000 after purchasing an additional 105,997 shares during the last quarter. Nuveen LLC purchased a new position in IBEX in the 1st quarter worth approximately $2,279,000. Finally, Two Sigma Advisers LP raised its holdings in IBEX by 97.7% in the 4th quarter. Two Sigma Advisers LP now owns 145,700 shares of the company’s stock worth $3,131,000 after acquiring an additional 72,000 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised their target price on IBEX from $31.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.50.

About IBEX

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.